Author: Karikari Daniel

Article written by Karikari Daniel

Ferrari plans to extend its crypto payment infrastructure to the European market

July 24, 2024 2 mins read

Ferrari, the Italian manufacturer of high-end automobiles, plans to extend its crypto payment infrastructure to the European market by the conclusion of July 2024. After a successful launch in the US in 2023, Ferrari collaborated with BitPay, a prominent crypto payment provider. By the end of 2024, the company intends to expand its service to additional dealers. In October 2023, Ferrari began taking cryptocurrency payments for its luxury vehicles in

Bitcoin whales reach their highest holdings in 2 years

July 22, 2024 1 min read

Bitcoin whales have been steadily accumulating BTC since the start of the year, suggesting an optimistic view of the crypto market. The consistent acquisition of Bitcoin by prominent holders, sometimes referred to as whales, has bolstered investor confidence and played a significant role in the upward trend of Bitcoin’s value in the last six months. Notwithstanding the current decline in the market, evidence from on-chain sources indicates that large-scale addresses

Vitalik Buterin urges the crypto community to support politicians who uphold decentralization

July 18, 2024 1 min read

Vitalik Buterin, co-founder of Ethereum, has voiced reservations over the political strategy of the crypto movement. He argues that just endorsing candidates based only on their support for crypto is insufficient. He stressed the need for political candidates to endorse overarching principles such as decentralization, privacy, and technological freedom. He also cautioned against the potential long-term dangers of limiting the criteria for supporting political politicians. Buterin criticized the increasing tendency

ChromaWay Collaborate with EU to Implement Chromia Technology

July 15, 2024 1 min read

ChromaWay has announced its ongoing partnership with the European Union in the advancement of blockchain-powered sustainability solutions. The collaboration was showcased during the EU PCP final review meeting, in conjunction with the European Blockchain Services Infrastructure (EBSI) project of the European Union. The outcomes, presented under its institutional brand RBN Eco, demonstrated the progress made in creating decentralized applications for Digital Product Passports and Intellectual Property Rights. The solutions are

The SEC faces setbacks but continues its aggressive crackdown on the crypto industry

July 12, 2024 2 mins read

The Securities and Exchange Commission (SEC) has faced numerous legal challenges, including a court sanction in Utah, during its tenure as chairman. Gary Gensler, who became SEC chairman in 2021, initially aimed to crack down on the crypto industry but quickly showed skepticism towards it. During his tenure, the SEC filed numerous lawsuits against major players like Coinbase, Binance, and Terraform Labs. While the SEC has won or settled several

Tron Network plans to introduce gas-free stablecoin transfers by Q4

July 8, 2024 1 min read

Tron founder Justin Sun has announced the development of a system to enable gas-free peer-to-peer (P2P) stablecoin transfers. This feature will cover the cost of transfers by the stablecoins themselves, eliminating gas fees for users. The feature will first be implemented on the Tron blockchain, with future support planned for Ethereum and all Ethereum Virtual Machine (EVM) compatible networks. Sun expects the launch in the fourth quarter of 2024. According

DeFi prediction platform Polymarket hits over $200 million in election bets

July 1, 2024 1 min read

Polymarket, a decentralized prediction platform, has accumulated more than $200 million in bets on the imminent US Presidential election, showcasing the incorporation of bitcoin into conventional financial norms. In June, the platform attained unprecedented levels of trading activity, reaching $111 million in trades. Analysts anticipate that by the end of the year, the platform’s trading volume might surpass $1 billion. The surge in volume also resulted in significant improvements in

Leading DeFi derivatives protocol, SynFutures, crosses $100 billion in cumulative trading volume on Blast

June 25, 2024 1 min read

SynFutures, the decentralized finance (DeFi) derivatives system, has recently surpassed $100 billion in total trading volume on Blast, achieving this milestone in a mere four months. According to Messari, the protocol was one of the first decentralized apps to be launched on Blast. It rapidly became the leading perpetual trading exchange on the network, accounting for 83% of Blast’s volume market share at the end of the first quarter. Since

Crypto Whales Buy $2,450,000,000 in Ethereum

June 18, 2024 1 min read

Crypto analyst Ali Martinez has reported that wealthy investors are amassing billions of dollars in Ethereum (ETH) due to its bullish signal on its daily chart. Over the past three weeks, Ethereum whales have purchased over 700,000 ETH, totaling around $2.45 billion. Martinez suggests that the Tom DeMark (TD) Sequential indicator, which identifies probable points of reversal for an asset, indicates a bounce for Ethereum. The TD Sequential has issued

DWF Labs has announced plans to purchase $12 million worth FLOKI tokens

June 4, 2024 1 min read

DWF Labs intends to acquire $12 million worth of FLOKI tokens from both the open market and the Floki treasury in order to bolster the project’s expanding ecosystem. This is in continuation of a prior pledge of $10 million in February, which resulted in a 50% increase in prices. The investment seeks to support the expansion of Floki’s ecosystem, which encompasses the imminent launch of their primary metaverse game, Valhalla,

FTX exchange sells remaining Anthropic shares for $450 million

June 3, 2024 2 mins read

FTX crypto exchange is now liquidating assets in order to reimburse previous clients, which includes the sale of its remaining interests in the artificial intelligence firm, Anthropic. A total of 15 million shares were sold at a price of $30 per share, resulting in a revenue of more than $452 million. G Squared, a venture capital company, purchased about one-third of the shares for $135 million. Additional purchasers included Fund

Velocore DEX suffers a $10 million loss in a major hack

June 3, 2024 2 mins read

Velocore, a decentralized exchange (DEX) operating on the zkSync and Linea blockchains, has had a security breach, leading to a financial loss of around $10 million. The hackers conducted a transfer of more than 700 ETH to the Ethereum mainnet, therefore emphasizing the persistent security concerns within the crypto industry. The hack was first disclosed by a threat researcher as “Officer’s Notes,” who identified the security vulnerabilities inside the cryptocurrency